Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
The move marks President Joe Biden's last-ditch efforts to secure his climate legacy before Trump takes charge
With about 8.3 million people, New York City said the companies falsely portrayed themselves in ads and social media as climate change leaders despite minimal investments in clean energy
The Karnataka High Court has invalidated the Electricity (Promoting Renewable Energy Through Green Energy Open Access) Rules, 2022, formulated by the Central Government for the generation, purchase, and consumption of renewable energy. The Court ruled that the Centre lacked the authority under the Electricity Act, 2003, to frame such rules, as the Act specifically grants this power to the Karnataka Electricity Regulatory Commission (KERC). Justice N S Sanjay Gowda noted that the Act was designed to ensure that regulatory powers, including tariff determination and open access provisions, are handled by independent bodies like the KERC, free from governmental interference. "The Parliament, through the Electricity Act, entrusted the Regulatory Commissions with the exclusive power to oversee open access. The Central Government cannot bypass this legislative mandate by framing its own rules," the Court stated. The Court also struck down the Karnataka Regulatory Commission (Terms and ...
Union Minister of New and Renewable Energy Pralhad Joshi on Saturday said India is ahead of other countries in the field of green hydrogen. The Union government has floated a tender for the world's largest green ammonia demonstration project, he said during a visit to a floating solar plant in the Omkareshwar Dam in Madhya Pradesh's Khandwa district. Further, the work of offshore wind power projects is underway and tenders have been invited in Gujarat, the minister told reporters. "When we talk about offshore wind power, it means installing windmills in the sea, which requires development and upgradation of ports and transmission infrastructure. Along with this, work on geothermal (power) is also underway, though it is at the primary stage," Joshi said. A revolution is taking place in the field of solar energy, and India is becoming the world leader in renewable energy, he said. "India is ahead in the field of green hydrogen, compared to other countries. We have floated a tender .
The move aligns with NTPC's efforts to venture into nuclear energy and use it as a clean, dispatchable, and baseload source of energy to support this endeavour
The group assembled by Gates, known as Breakthrough Energy Ventures, is among the biggest backers of over 800 carbon removal firms that have been started in recent years
GH2 will not be cost-competitive with natural gas-based grey hydrogen until after 2050, as per the report. Current subsidies cover only 5 per cent of the cost gap and will run out before 2030
It has been 17 months since Indian Oil's Sriperumbudur outlet began operations but it receives no more than five to 20 trucks a day, for sales of around 80 tonnes of LNG a month
India's circular economy could generate a market value of over USD 2 trillion and create 10 million jobs by 2050, the country's G20 Sherpa Amitabh Kant said Monday. Addressing an event here, Kant further said the circular economy can be a driver of growth, and this transition not only promises cost savings but also positions India to capitalise on the global circular economy market. "This is a huge opportunity because, by 2050, India's circular economy could generate a market value of over USD 2 trillion and create close to 10 million jobs," he said. Currently, the size of the Indian economy is USD 3.7 trillion. Noting that industrialisation and urbanisation are creating an unsustainable India, Kant said, "We need circular economy as a beacon of hope". The country's natural resources are depleted at an unsustainable pace, generating massive amounts of waste. While pointing out that India is generating about close to 1.6 lakh tonnes of municipal solid waste per day, he said this .
Hybrid tenders, combining traditional and renewable energy sources, are crucial for shaping a country's energy future
The government on Tuesday announced an Approved List of Models and Manufacturers (ALMM) for solar cells on the lines of module manufacturing to boost India's transition towards green energy. The government is aiming to make the second list (List II) under the ALMM for solar PV cells effective June 1, 2026, the Ministry of New and Renewable Energy (MNRE) said in a statement. From June 2026, all solar PV modules used in projects including government-backed schemes, net-metering projects, and open-access renewable energy initiatives will be required to source their solar cells from ALMM List-II, ensuring quality and reliability in solar PV cells used in India's energy infrastructure, the MNRE said in a statement. "MNRE announces a significant amendment to the ALMM Order, 2019, which will have far-reaching implications for India's solar power sector and its clean energy transition," the statement said. An exemption will apply for projects that have already been either awarded or ...
The study says that natural gas will dominate fossil fuel demand, gradually replacing petroleum products
India will come out with a legal framework to ensure data privacy that will encourage free data flow among trusted partners, Commerce and Industry Minister Piyush Goyal on Thursday said, as he sought investment in technology and innovation. Speaking at the UK India Business Council's 'UK-India Technology Futures Conference', the minister said India and the UK can collaborate on technology in the fields of AI education, telemedicine, climate modelling, precision agriculture and organic chemical, electronic and food industries. Goyal pointed out that it will be important to understand how in the future the digital world and sustainability issues will intersect. A major portion of energy will be consumed by systems that will churn out data and that will have an impact on sustainability issues, he said, adding that there are very few places in the world where there is an interconnected grid in the way that India has. The minister said that by 2030, India would have a thousand-gigawatt
Rajasthan Chief Minister Bhajanlal Sharma on Wednesday said the state government will soon come out with the Clean Energy Policy 2024, which will focus on non-renewable sources. "The policy will provide a series of new incentives in the energy sector including for newer segments of renewable energy such as pump storage, green hydrogen, battery storage, bioenergy among others," he said addressing a pre-summit of the Rising Rajasthan global investment meet. Sharma said that the goal would be to make Rajasthan self-reliant in the field of energy and meet the power demand of other states. In the pre-summit, MoUs for investment worth Rs 6.57 lakh crore were exchanged with investors from the energy sector. The MoUs signed on Wednesday have proposed to set up projects across various segments of the renewable energy and power generation sector, including solar, wind, green hydrogen, hybrid, pump storage, battery storage and green ammonia projects. Sharma said that the on-ground implementa
Maxim Timchenko, CEO of DTEK, the largest private energy company in Ukraine, pulls out a piece of paper with bar charts showing how much new electricity his company has brought online this year in the country versus how much Russian bombs have destroyed. Total electricity goes up, then down, then up, then down capturing the company's constant rebuilding each time Russian missile attacks take out a facility, which include wind and solar farms and thermal (coal or gas-fired) generating stations. The Russian strikes are part of a campaign to target energy infrastructure to reduce power in Ukraine as winter looms. What other choice do we have? said Timchenko during an interview on the sidelines of this year's UN climate talks, taking place in Azerbaijan. Sit and wait and pray that they don't hit us, or do our job and bring lights back to our people? The nearly three-year-long Russia-Ukraine war, which has left large swaths of Ukraine destroyed, has accelerated a transition to clean ..
Modi's government has imposed 40 per cent tariffs on Chinese solar panels and 25 per cent on cells, allocating about $3 billion in production-linked incentives for local manufacturers as part
Tata Power on Tuesday said it has entered into a strategic partnership with Bhutan's Druk Green Power Corporation Ltd (DGPC) for the development of 5,000 MW of clean energy capacity in the Himalayan nation. DGPC, is a subsidiary of Druk Holding and Investments Ltd, the sole generation utility of Bhutan. The collaboration marks the largest partnership between two of the leading power companies of the two nations in Asia's clean energy sector, Tata Power said in a statement. Through the collaboration, at least 5,000 MW of renewable energy projects; including 4,500 MW of hydropower comprising the 1,125 MW Dorjilung HEP (hydro-electric project); 740 MW Gongri Reservoir; 1,800 MW Jeri Pumped Storage; and 364 MW Chamkharchhu IV will be developed in phases, the statement said. Another 500 MW of solar projects will be developed by Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power. "Tata Power's partnership with Druk Green Power Corporation reinforces our credentials as t
Joe Biden witnessed the devastation of drought up close as the first sitting American president to visit the Amazon rainforest on Sunday, declaring that nobody can reverse "the clean energy revolution that's underway in America" even as the incoming Trump administration is poised to scale back efforts to combat climate change. The massive Amazon region, which is about the size of Australia, stores huge amounts of the world's carbon dioxide, a greenhouse gas driving climate change. But development is rapidly depleting the world's largest tropical rainforest, and rivers are drying up. Biden said the fight against climate change has been a defining cause of his presidency -- he's pushed for cleaner air, water and energy, including legislation that marked the most substantial federal investment in history to fight global warming. But he's about to hand the nation over to Republican President-elect Donald Trump, who is highly unlikely to prioritise the Amazon or anything related to clima
Energy jobs in India accounted for 1.5% of total employment in India at 8.5 million in 2023
Union Minister Pralhad Joshi has proposed formation of a task force in consultation with the Ministry of Power to push efforts to meet India's ambitious target of having 500 GW renewable energy capacity by 2030. The minister for new and renewable energy has also urged industry players and stakeholders to devise strategies which would help the country meet the target in a time-bound manner. Speaking at an event in Bhubaneswar, the minister proposed the formation of a task force, in consultation with the Ministry of Power, to align the efforts of all stakeholders towards meeting the 500 GW target, the ministry for new and renewable energy (MNRE) said in a statement on Thursday. India has already achieved 212 GW of energy from non-fossil fuel sources and is on track to exceed the 2030 target, he said. The minister stressed the importance of concerted, collaborative efforts among all stakeholders to overcome challenges and expedite progress in the renewable energy sector. Joshi furthe